The Effect of Corruption on Investment Growth: Evidence from Firms in Latin America, Sub-Saharan Africa, and Transition Countries

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Political connections and corporate investments: Evidence from the recent anti-corruption campaign in China (2017, background): “Some studies contend that corruption is the main obstacle to economic development (Gaviria, 2002; Asiedu and Freeman, 2009); while others argue that corruption is less detrimental in environments with ineffective institutions (Meon and Weill, 2010; Cai et al., 2011).”
Do political connections matter for firm innovation? Evidence from emerging markets in Central Asia and Eastern Europe (2020, background): “2018), there are a number of studies which suggest that corruption can equally create new opportunities for economic gains (Asiedu and Freeman, 2009; Krammer 2019).”
Greasing the Wheels of Change: Bribery, Institutions, and New Product Introductions in Emerging Markets (2019, background): “These factors have triggered deep shifts in the regulatory landscape and societal values in these markets, fueling further corrupt practices as a mundane solution for achieving legitimate goals (Asiedu & Freeman, 2009).”